For Sale
$1,900,000

3201 Macon Rd Columbus, GA 31906

High-yield NNN Restaurant Investment

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple, 5,710 square-foot Longhorn Steakhouse located at 3200 Macon Rd, Columbus, GA 31906. The property sits on a 1.06-acre lot and benefits from a strong absolute triple-net (NNN) lease with a franchisee tenant, offering zero landlord responsibilities. The lease, with a remaining term of six years, extends to November 27, 2030, and includes three, five-year renewal options. Built in 1980, this single-story building boasts 100% occupancy and generates a substantial net operating income (NOI) of $122,490, resulting in a compelling 6.45% cap rate. The asking price is $1,900,000, translating to $332.75 per square foot. The property enjoys a prime location less than 500 feet from I-185, providing excellent visibility and accessibility. Furthermore, the area demonstrates robust population growth, with a 7.9% increase within a five-mile radius since 2010, and projected growth continuing through 2028. The property's proximity to other national retailers, including Dunkin', McDonald's, and T.J. Maxx, further enhances its desirability. This is a rare opportunity to acquire a well-established, high-performing restaurant property with a long-term lease and significant upside potential. The ground lease is in place, and the corporate guarantee from Darden Restaurants provides additional security.

Highlights

  • Longhorn Steakhouse in Columbus, GA, the third most populous city in the state.
  • Absolute triple-net (NNN) lease with zero landlord responsibilities.
  • Strong, committed tenant with early option exercise and robust sales.
  • Robust local population growth: 7.9% increase within a five-mile radius since 2010, projected 4.2% growth through 2028.
  • Proven long-term location with over 32 years of operation.
  • Prime location less than 500 feet from I-185.

Property Details for 3201 Macon Rd

Property type
Retail properties, Restaurants
Square Feet
5,710 SF
Year Built
1980
Buildings
1
Stories
1
Lot Size (sq. ft)
46,174 SF
Units
1

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.482873
Longitude
-84.9430152

FAQs

What type of property is this?
Retail property - High-yield NNN Restaurant Investment
Where is the retail property located?
The property is located at 3201 Macon Rd Columbus, GA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Longhorn Steakhouse in Columbus, GA, the third most populous city in the state.; Absolute triple-net (NNN) lease with zero landlord responsibilities.; Strong, committed tenant with early option exercise and robust sales.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3201 Macon Rd
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